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No joke! The Onion looks at sale: Report

The owner of the satirical news site the Onion is looking at a possible sale, according to Bloomberg, citing people with knowledge of the situation.

The news wire reported early Friday that Onion, Inc., which also owns entertainment site the A.V. Club, has hired a financial adviser to assist with a potential sale. Investment bank GCA Savvian is also said to be working with the company.


Source: The Onion

Onion CEO Steve Hannah declined to comment in an e-mail to Bloomberg.

The company was founded in 1988 and fund manager David Schafer bought a majority stake in 2001. Onion, Inc says its websites now have over 11 million unique visitors each month.

Click here to read the full report.